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    Property profile & analytics

    234 Emory Rd Powell, TN 37849-4015

    • Grocery and convenience stores
    • 122,198 SF
    • 12.92 lot acres
    OFF-MARKET
    Value Estimations
    $22,980,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US80-2956738
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Cynthia Simmons / Physician
    • The Little Clinic / Medical Clinic
    • Murray's Cheese / Bakery / Specialty Food Shop
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • MoneyGram / Bank / Credit Union

    Property Details for 234 Emory Rd

    Year built
    2016
    Construction
    LIGHT FRAME
    Lot size
    12.92 lot acres
    Property size
    122,198 SF
    Property type
    Grocery and convenience stores
    APN
    057 00703
    APU
    5700703

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $25,068,000
      Market price range: $7.23M - $25.1M
      AI Estimate
      $20,893,000
      Market price range: $6.72M - $20.9M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $16,360,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $38,125,000
      Change: +133% Conversion: Difficult
      MEDICAL BUILDING
      $25,075,000
      Change: +53% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $22,490,000
      Change: +37% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $20,040,000
      Change: +23% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Knox
    State
    Tennessee
    Longitude
    -84.0033
    Latitude
    36.0449
    CBSA code
    28940
    CBSA name
    KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $171,615
    $0.00
    $0.00
    $7,961,360
    -
    $3,125,600
    $16,777,800
    $19,903,400

    Comparable in this City

    • Value Estimation
      $1,175,000
      4,334 SF

      400 Emory Rd

      CONVENIENCE STORE • 4,334 SF
      400 Emory Rd, Powell, TN 37849-3517
      View Details
    • Value Estimation
      $9,890,000
      52,752 SF

      7350 Clinton Hwy

      GROCERY, SUPERMARKET • 52,752 SF
      7350 Clinton Hwy, Powell, TN 37849-5205
      View Details
    • Value Estimation
      $2,530,000
      4,948 SF

      404 Emory Rd

      CONVENIENCE STORE • 4,948 SF
      404 Emory Rd, Powell, TN 37849-3517
      View Details
    • Value Estimation by Request
      1,400 SF

      7675 Clinton Hwy

      CONVENIENCE STORE • 1,400 SF
      7675 Clinton Hwy, Powell, TN 37849-4110
      View Details
    • Value Estimation by Request
      2,000 SF

      7331 Clinton Hwy

      CONVENIENCE STORE • 2,000 SF
      7331 Clinton Hwy, Powell, TN 37849-5206
      View Details
    • Value Estimation by Request
      2,400 SF

      2119 Emory Rd

      CONVENIENCE STORE • 2,400 SF
      2119 Emory Rd, Powell, TN 37849-3704
      View Details

    Similar Nearby for Sale

    • $2,450,000
      5,874 SF

      Powell, TN Restaurant - Turnkey Opportunity

      Fully equipped restaurant, prime location, high traffic.
      7535 Conner Rd, Powell, TN 37849
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    • $2,450,000
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      Turn-Key Restaurant For Sale

      Restaurant with high traffic and visibility, ready to operate.
      7535 Conner Rd, Powell, TN 37849
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    • Contact for pricing
      1,909 SF

      Restaurant Opportunity on Emory Road

      Former restaurant in growing area with high traffic counts.
      405 E Emory Rd, Powell, TN 37849
      View Details
    • $1,500,000
      1 SF

      Powell Commercial Land Near I-75

      1.4 acres of commercial land with excellent visibility and access.
      7544 Conner Rd, Powell, TN 37849
      View Details
    • $4,230,000
      94,000 SF

      Powell Industrial Building For Sale

      94,000 SF industrial building in the Powell business district.
      1904 West Emory Rd, Powell, TN 37849
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    • $59,900
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      Residential Land in Powell, TN

      2.25 acres to build your dream home in Halls!
      8824 Hankins Ln, Powell, TN 37849
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    Similar Nearby for Lease

    • Contact for pricing
      3,532 SF

      Retail Building with Drive-Thru

      3532 SF building with drive-thru on 1.4 acres.
      305 E Emory Rd, Powell, TN 37849
      View Details
    • Contact for pricing
      95,591 SF

      Powell Place Shopping Center Lease

      Knox County Retail Space Available
      3501 Emory Rd, Powell, TN 37849
      View Details
    • Contact for pricing
      1,909 SF

      Emory Road Retail Space For Lease

      High-traffic retail space, excellent visibility.
      405 Emory Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      I-75 Frontage Development Opportunity

      Land with high visibility and interstate access.
      7715 Conner Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      Land Adjacent to Tennova North

      4.4 acres of commercial land for rent.
      7700 Conner Rd, Powell, TN 37849
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Ground lease or build-to-suit opportunity in high-growth area.
      241 E Emory Rd, Powell, TN 37849
      View Details

    Property Visit Statistics

    • Visits by month
      129.9k
    • Visitors by month
      60.7k
    • Avg Time on site
      31 min
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    Powell, TN 37849-4015
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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